High-frequency data in May reflects the surge in consumer activity and the shift of industries towards innovation and intelligence.

According to ME AI , the National Information Center of the National Development and Reform Commission reported on the 9th that in May, offline consumer payments increased by 2.4% year-on-year, 0.7 percentage points higher than the previous month, indicating a surge in consumer market activity. Capital investment in cutting-edge fields such as artificial intelligence and humanoid robots increased by approximately five times year-on-year, demonstrating the industry's shift towards innovation and intelligence, with emerging industries experiencing rapid growth. Offline consumption big data shows that in May, offline consumer payments increased by 2.4% year-on-year. Among them, goods consumption and service consumption increased by 3.3% and 1.2% year-on-year, respectively, 0.6 and 0.8 percentage points higher than in April. By category, electronic goods, catering services, and transportation services saw the fastest growth, at 9.7%, 5.4%, and 4.8%, respectively. The "Shouqianba" physical business vitality index, reflecting the vitality of small and medium-sized merchants, was 80.7, a 1.9% increase from April, marking three consecutive months of recovery. The merchant health index and consumer vitality index increased by 2.1% and 1.6% respectively compared to April. "Thanks to a series of policies such as trade-in subsidies and promotion of service consumption, coupled with the boost from the May Day holiday, domestic demand has steadily accumulated momentum, with goods and services consumption continuing to recover in tandem. Key consumption sectors such as electronics, catering, and travel have performed exceptionally well, and the domestic consumer market has maintained a positive trend," said Xing Yuguan, associate researcher at the Big Data Development Department of the National Information Center of the National Development and Reform Commission. In May, capital investment in cutting-edge fields such as artificial intelligence and humanoid robots increased by approximately five times year-on-year, while the winning bid amount for infrastructure projects in areas such as computing power, data, and networks increased by 106.9% year-on-year. From an industry perspective, in May, the operating activity of semiconductor companies increased by 8.7% year-on-year, an increase of 7.6 percentage points compared to April; the number of patents authorized related to strategic emerging industries increased by 19.7% year-on-year, an increase of 2.2 percentage points compared to April. (Xinhua News Agency) (Source: ME)